It’s like being in the Midland, but with better financial terms – TransAtlantic discusses its operations in Turkey
The last nine years have been marked by explosive growth in the North American oil and gas sector, but many companies continue to exploit hydrocarbon resources successfully in other parts of the world as well. TransAtlantic Petroleum (ticker: TAT) is one such company, with operations in Turkey, Albania and Bulgaria, and some of the well results reported by the company have outperformed those in some of the most prolific plays in the United States.
“These are high net-revenue, large contiguous lease blocks at the center of a petroleum basin, which would be similar to being in the center of the Midland Basin,” TransAtlantic Chairman and CEO Malone Mitchell III told Oil & Gas 360® speaking about the company’s assets in Turkey.
